Snowflake Inc. (NYSE:SNOW) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,925 shares of the company's stock after selling 10,965 shares during the period. Rhumbline Advisers owned approximately 0.11% of Snowflake worth $53,484,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP grew its position in Snowflake by 9.8% in the fourth quarter. Quarry LP now owns 662 shares of the company's stock worth $102,000 after acquiring an additional 59 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Snowflake by 3.3% in the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock valued at $317,000 after purchasing an additional 65 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Snowflake by 0.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after purchasing an additional 69 shares during the period. Larson Financial Group LLC increased its position in shares of Snowflake by 21.8% during the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company's stock valued at $64,000 after purchasing an additional 74 shares during the last quarter. Finally, Landscape Capital Management L.L.C. raised its holdings in Snowflake by 3.0% during the 4th quarter. Landscape Capital Management L.L.C. now owns 2,627 shares of the company's stock valued at $406,000 after buying an additional 77 shares during the period. 65.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 685 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $100,859.40. Following the sale, the executive vice president now directly owns 622,611 shares of the company's stock, valued at approximately $91,673,243.64. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $129.25, for a total value of $52,087.75. Following the transaction, the director now owns 26,375 shares of the company's stock, valued at $3,408,968.75. The trade was a 1.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 834,779 shares of company stock worth $156,261,943. Company insiders own 6.80% of the company's stock.

Snowflake Stock Performance

SNOW traded up $0.29 on Wednesday, reaching $209.44. 6,643,069 shares of the stock were exchanged, compared to its average volume of 6,414,053. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company's 50-day moving average price is $165.69 and its 200 day moving average price is $167.74. The firm has a market capitalization of $69.92 billion, a PE ratio of -61.78 and a beta of 1.21. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $217.05.

Snowflake (NYSE:SNOW - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Snowflake had a negative return on equity of 24.23% and a negative net margin of 33.02%. The company's revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. As a group, sell-side analysts forecast that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SNOW. Loop Capital boosted their price objective on shares of Snowflake from $220.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday. Wall Street Zen upgraded shares of Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Hsbc Global Res lowered shares of Snowflake from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 22nd. Raymond James restated an "outperform" rating and set a $212.00 target price (up previously from $196.00) on shares of Snowflake in a research report on Thursday, May 22nd. Finally, Daiwa America raised Snowflake to a "strong-buy" rating in a research note on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.28.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.